Piece of cake: ATO reminds taxpayers to lodge returns only after being ‘tax ready’
Taxpayers are being reminded by the Australian Taxation Office (ATO) not to rush lodging their annual income tax return from July 1.
A money coach shares 11 EOFY tips for small business owners
This EOFY checklist may help you meet your legal obligations and help your small business get ready for the upcoming tax season.
EOFY checklist for SMEs: The overlooked tax deductions you need to know
This easy checklist for business leaders has you covered, from commonly overlooked deductions to simple tips and more.
From GST and PAYG to family trusts: Former ATO expert lists common small business tax mistakes
Tax time is often the most stressful time of the year for small businesses, but a former Australian Taxation Office official has listed four tips to help entrepreneurs avoid the tax office's ire in 2023.
Small business deductions worth $1.55 billion appear in the 2023 tax return but are yet to pass into law
Australian lawmakers only have a handful of days to enact $1.55 billion in 'bonus' tax deductions before the new financial year begins, leading the tax office to provide new guidance to small businesses banking on those kickbacks for their 2022-2023 tax return.
The doctor is in: Australia’s ten highest-paid occupations revealed in ATO data
Medical professionals dominate the list of Australia's top-earning occupations, with the nation's top taxpayers clustered in New South Wales' most exclusive suburbs, new Australian Taxation Office (ATO) data reveals.
“Caught in the middle”: NSW farmers anxious for deliveries as asset write-off deadline approaches
Farmers say the federal government's refusal to extend the deadline for the instant asset write-off will leave them short-changed.
Tax penalty amnesty: ATO urges small businesses to confess their late debts and avoid hefty fines
The ATO is encouraging small businesses which have fallen behind on their tax debts to take advantage of its new penalty amnesty scheme, which accounting experts see as one of the last accommodating gestures from the tax office.
Peak accounting group proposes $250,000 maximum fines for members breaching the rules
Accounting firms that breach industry standards could face a five-fold increase in maximum fines, under a suite of reforms floated by leading industry body Chartered Accountants Australia and New Zealand (CA ANZ).
ATO court actions hit pre-COVID levels as the tax office chases businesses and individuals for outstanding payments
The number of court actions filed by the ATO has surged above pre-COVID levels, new figures show, as turnaround professionals urge small businesses to grasp the "last olive branch" extended to firms with outstanding debts.
Senate committee recommends tough rules for disqualified tax agents to return to work
Tough rules to make it harder for defrocked tax agents to find work in a tax advisory practice should pass the Senate unamended, according to an economics committee report.
Explained: After PwC, how does the tax office penalise tax agents who flout the rules?
The Tax Practitioners Board has been in the spotlight because of the role it played in disciplining Peter Collins, a former PwC partner, and his old firm for a breach of a confidentiality agreement.
